Blog
Fighting “Missing Trader” GST Fraud
14/10/2020
Need our assistance to file proper GST returns? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Recently, IRAS is taking a strong stance towards those who commit Missing trader GST fraud (MTF): A syndicate involved in MTF will generally defraud the tax authorities in one or both of the following ways: By fraudulently… View Article
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Temporary Bridging Loan Programme
13/10/2020
The Temporary Bridging Loan Programme will be extended for six months, until September 2021, at reduced levels. MAS will also extend the MAS Singapore Dollar Facility for Enterprise Singapore Loans, until September 2021. Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Temporary Bridging Loan… View Article
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Overview of Withholding Tax
13/10/2020
Withholding Tax Calculator by IRAS for companies Need help with proper lodgment and advisory on withholding tax? Contact us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Overview of Withholding Tax
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Ministerial Statement of Support Measures
12/10/2020
Aug & October 2020 Ministerial Statement of Support Measures: Image courtesy of Ministry of Finance (MOF). Feel free to contact us if you are needing consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/fy2020_aug_oct_budget_measures_infographic.pdf
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Possible Extension of Debt Relief Scheme
12/10/2020
Possible lengthening of the debt relief programme by MAS and financial institutions are being considered. Feel free to contact us if you are needing financial consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! MAS, banks said to be in talks to extend debt relief scheme
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SME business sentiment sinks to all-time low
12/10/2020
Covid-19 pandemic has induced uncertainty over prospects for global growth and economic activity, thereby bringing about a dampening of SME prospects. Local businesses need to actively look for suitable digitization solutions and think out of the box for new business opportunities. Feel free to contact us if you are needing consultancy at +65 66363691, +65… View Article
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Lifting of restrictions for business meetings
09/10/2020
A welcomed lifting of restrictions for business meetings at this stage of Phase 2. Physical AGMs of not more than 50 pax can now take place in the office, with safe distancing measures applied. Need the latest Corporate Secretarial Practices advisory? Contact us as your one-stop Solutions Provider at +65 66363691, +65 9326 2271 or… View Article
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DPM Heng’s Ministerial Statement
07/10/2020
Some measures announced by DPM Heng on Monday: Enhanced Training Support Package extended until June 2021, to provide course fee subsidies for firms in the hardest-hit sectors. Persons with disabilities will receive the higher tier of 50 per cent wage support under the Jobs Growth Incentive, which encourages firms to hire locals. For firms seeking… View Article
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Singapore core inflation stays negative
05/10/2020
Inflation remains negative in the wake of cautious and dampened demand in the pandemic environment. For financial analysis and affordable accounting and tax services, approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! Singapore core inflation stays negative but eases slightly in August
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FinCEN leaks: suspicious transactions in SG
02/10/2020
Source of funds and unusual funds quantum are reviewed by banks for suspicious transactions. For proper internal process consultancy, approach us at +65 66363691, +65 9326 2271 or info@lnmsolutions.com! FinCEN leaks: DBS, CIMB and Deutsche among banks in S’pore that handled about $6 billion in suspicious transactions
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